Frank Feighan
Ceist:46 Deputy Frank Feighan asked the Minister for Finance if he will continue the cycle to work scheme; and the proposals in place regarding claiming a refund for persons in the scheme. [8965/11]
Amharc ar fhreagraThursday, 21 April 2011
Ceisteanna (46)
Freagraí scríofa
There are at present no plans to amend the Cycle To Work scheme. Similar to the travel pass scheme, an employer and employee may enter into a salary sacrifice arrangement whereby the employee agrees to forego part of his or her salary to cover the costs associated with the purchase of the bicycle/safety equipment. In such circumstances, the employee will not be liable to tax or PRSI or levies on the salary forgone. Where salary sacrifice arrangements are used, they must be completed over a maximum of 12 months from the date of provision of the bicycle/safety equipment.